Key Market Indicators
The leather goods market in the UAE is projected to decline slightly over the forecast period of 2021-2026. Exports are expected to decrease from $19.2 million in 2021 to $18 million in 2026, at an average annual rate of 1.1%. Meanwhile, imports are projected to fall from $69.2 million in 2021 to $60 million in 2026, at an average annual rate of 2.4%. Since 2012, the UAE's leather goods exports have grown at an average annual rate of 15.8%. In 2021, the country ranked 22nd in terms of leather goods imports, with the Czech Republic overtaking the UAE with imports of $69.2 million. Germany, France and Italy respectively ranked second, third and fourth in this ranking.
